2 CPD Units in Professional Skills

The amendments to the Land Tax Act 1936 made late last year, that apply from midnight on 30 June 2020, make significant changes to the way land tax will be levied in the future, including:

• the aggregation of holdings;
• the grouping of companies and some trusts;
• the taxation of trusts (often at a higher rate);
• the making of nominations and their on-going implications; and
• the altered and changing taxation thresholds.

Practitioners advising clients on the implications of these changes are required to undertake many computations for that purpose.  They are also required to consider whether the trustees should avail themselves of the ability to nominate their beneficiaries.  In addition, they must also consider various other taxation consequences and possibly non taxation consequences of the operation of these provisions and their available choices.

The purpose of this workshop is to consider a number of examples that highlight primarily the land tax implications of the choices available and their ongoing implications.  Other taxes and consequences will also be discussed.

As this workshop will be conducted as a small interactive session, the attendees will need to understand the changes and be prepared to engage in the discussion.  The examples will be provided in advance of the session to enable the attendees to prepare for the discussion.  Accordingly, the number of attendees will be limited and will require attendance in person.